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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (19676)	4/13/2009 3:16:23 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 71454

a "backward" economy, low capital spending, a reliance on foreign capital and money printing, budget deficits, and a weakening currency the rest does not exactly apply, this does

To: Real Man who wrote (19676)	4/13/2009 3:59:16 PM
From: re3	Respond to of 71454

lol, but some days i think you have too much free time -g-

To: Real Man who wrote (19676)	4/14/2009 12:08:53 AM
From: RockyBalboa	Respond to of 71454

Coming... Gross domestic product in trade-dependent Singapore fell at a seasonally adjusted, annualised pace of 19.7 percent in first three months of the year, the ministry of trade said on Tuesday. [ID:nSIN444077] The city-state's central bank responded to the weak GDP data and soft export figures by easing monetary policy by effectively devaluing the Singapore dollar <SGD=>. [nSIN444077] ... but appearently backpedaled: The Singapore dollar rose after the Monetary Authority of Singapore said it was recentering its undisclosed NEER (nominal effective exchange rate) band for the currency, but was keeping the slope and width of the band unchanged, adding there was no reason for undue weakening of the currency. Some traders had bet on a change in the slope of the currency band. Recently the U.S. dollar was at S$1.5013, down from S$1.5140 before the MAS announcement.